POWER SYSTEMS ELECTRIC CORPORATION

Summary of PPP (Paycheck Protection Program) Loan approved to POWER SYSTEMS ELECTRIC CORPORATION by Sandy Spring Bank. The loan was approved on 4/16/2020 in the range of $350,000-1 million.

Business Information

Name:

POWER SYSTEMS ELECTRIC CORPORATION

603-1 DOVER RD
ROCKVILLE, MD 20850
Business type: Corporation
Specialty Trade Contractors
→ Electrical Contractors and Other Wiring Installation Contractors
Non-profit: No
Loan amount: $350,000-1 million
(50 Jobs retained)
Date approved: April 16, 2020
Lender Sandy Spring Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.